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The Philippine peso strengthened by 56.5 centavos on Thursday to close at P62.97 per US dollar, from P63.535 the previous day. It was the peso's strongest close since October 14, and trading volume rose to $2.005 billion.
A firmer peso lowers the local-currency cost of imported feed ingredients and grains, easing pressure on Philippine feed buyers. The move is a short-term currency swing rather than a supply change.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.